Celestica, Inc. $CLS Shares Sold by Boston Partners

Boston Partners lowered its position in Celestica, Inc. (NYSE:CLS) (TSE:CLS) by 17.2% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 21,147 shares of the technology company’s stock after selling 4,408 shares during the quarter. Boston Partners’ holdings in Celestica were worth $3,301,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Jones Financial Companies Lllp increased its position in shares of Celestica by 1,103.8% during the first quarter. Jones Financial Companies Lllp now owns 24,486 shares of the technology company’s stock worth $1,930,000 after purchasing an additional 22,452 shares in the last quarter. Thompson Davis & CO. Inc. acquired a new stake in shares of Celestica in the 2nd quarter valued at about $328,000. Y Intercept Hong Kong Ltd grew its stake in Celestica by 406.3% during the 2nd quarter. Y Intercept Hong Kong Ltd now owns 52,606 shares of the technology company’s stock worth $8,212,000 after buying an additional 42,215 shares during the last quarter. Fortis Capital Advisors LLC purchased a new position in Celestica during the 2nd quarter worth approximately $343,000. Finally, TD Waterhouse Canada Inc. increased its position in Celestica by 2.2% during the second quarter. TD Waterhouse Canada Inc. now owns 150,422 shares of the technology company’s stock worth $22,356,000 after buying an additional 3,221 shares during the period. 67.38% of the stock is owned by hedge funds and other institutional investors.

Celestica Stock Performance

NYSE CLS opened at $343.79 on Friday. The stock has a market capitalization of $39.54 billion, a price-to-earnings ratio of 55.81 and a beta of 1.85. The business’s 50 day moving average is $290.79 and its two-hundred day moving average is $212.26. Celestica, Inc. has a 12-month low of $58.05 and a 12-month high of $363.40. The company has a current ratio of 1.47, a quick ratio of 0.86 and a debt-to-equity ratio of 0.37.

Celestica (NYSE:CLS) (TSE:CLS) last posted its quarterly earnings results on Monday, October 27th. The technology company reported $1.58 earnings per share for the quarter, beating analysts’ consensus estimates of $1.45 by $0.13. Celestica had a return on equity of 30.53% and a net margin of 6.35%.The firm had revenue of $3.19 billion for the quarter, compared to the consensus estimate of $3.01 billion. During the same period in the previous year, the business earned $1.04 earnings per share. The company’s revenue for the quarter was up 27.8% compared to the same quarter last year. Research analysts expect that Celestica, Inc. will post 4.35 EPS for the current year.

Insider Activity at Celestica

In related news, Director Laurette T. Koellner bought 6,000 shares of the firm’s stock in a transaction on Thursday, October 30th. The shares were bought at an average cost of $341.67 per share, for a total transaction of $2,050,020.00. Following the transaction, the director owned 6,000 shares of the company’s stock, valued at approximately $2,050,020. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 0.52% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the stock. CICC Research assumed coverage on shares of Celestica in a research report on Tuesday, August 19th. They set an “outperform” rating on the stock. JPMorgan Chase & Co. increased their price target on shares of Celestica from $295.00 to $360.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 29th. Stifel Nicolaus restated a “buy” rating and issued a $385.00 price objective (up from $230.00) on shares of Celestica in a research note on Wednesday, October 29th. CIBC upped their target price on shares of Celestica from $315.00 to $400.00 and gave the company an “outperform” rating in a report on Wednesday, October 29th. Finally, Barclays raised their price target on Celestica from $357.00 to $359.00 and gave the stock an “overweight” rating in a report on Friday, November 14th. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Celestica presently has an average rating of “Moderate Buy” and a consensus price target of $336.13.

About Celestica

Celestica Inc provides supply chain solutions in North America, Europe, and Asia. It operates through two segments: Advanced Technology Solutions, and Connectivity & Cloud Solutions. The company offers a range of product manufacturing and related supply chain services, including design and development, new product introduction, engineering services, component sourcing, electronics manufacturing and assembly, testing, complex mechanical assembly, systems integration, precision machining, order fulfillment, logistics, asset management, product licensing, and after-market repair and return services.